Property Overview
This home at 22 Blostein Bay in Winnipeg's Meadows neighbourhood presents a practical and value-oriented opportunity. Built in 1986, its key appeal lies in being a well-maintained, established property in a mature community. With 1,040 sqft of living space and a 4,599 sqft lot, it offers a manageable footprint for upkeep. The assessed value of $370k positions it as a more accessible entry point within its immediate area, especially when compared to recent sale prices of nearby homes. A thoughtful perspective is that this property represents the "bones" of the neighbourhood—it's one of the newer homes on its specific street (ranking in the top 4%), suggesting potentially fewer major age-related concerns than its direct neighbours. It suits first-time buyers, downsizers, or investors looking for a solid, no-frills home in a settled area without the premium price tag of newer or larger builds.
Frequently Asked Questions
1. How does this home's value compare to recent sales in the area?
Based on available data, a home on this street sold in the $300k-$350k range in 2020. The current assessed value of $370k may reflect market changes since then, but it remains below the average assessed value for Blostein Bay, indicating a potentially competitive asking price.
2. Is the living space smaller than average?
Yes. At 1,040 sqft, the living area is below the average for both the street (1,313 sqft) and the wider Meadows area. This makes it a more compact option, which could mean lower utility costs and less maintenance.
3. What does the "Elite" ranking for Year Built mean?
On Blostein Bay, this home is ranked 2nd newest out of 45 properties. This "Elite" tier indicates it is one of the most recently built houses on the street, which can be an advantage in terms of building standards, materials, and systems for its era.
4. How does the lot size impact the property?
The 4,599 sqft lot is below average for the street and neighbourhood. This translates to a smaller yard, which requires less landscaping work but also offers less private outdoor space.
5. Who would this property not suit?
It may not be ideal for buyers seeking ample room for growth, extensive outdoor space, or a home at the top end of modernity. The below-average living and land area suggest it's best for those with simpler spatial needs.